(CercleFinance.com) – Charwood Energy announces a 40% stake in LG Concept, a major regional player in the supply of renewable biomass for boiler rooms in Brittany and neighboring regions.
The LG Concept company specializes in the production and logistics of wood energy. It now has 5 platforms spread across the west of France allowing it to be as close as possible to the resource and uses.
LG Concept now has 20 employees and has all the logging equipment (shredders, pruning shovel, handling equipment).
Its current production capacity is 40,000 tonnes of fuel per year, or around 140,000 Mwh/year of renewable energy. In 2022, LG Concept achieved a turnover of around 3 ME.
‘This strategic investment responds to our desire to control our supply of renewable biomass. This operation fits perfectly into our mission of producing renewable energy using biomass,’ commented Adrien Haller, CEO and founder of Charwood Energy.